Question: Required: Use the Excel NPV() function to calculate the maximum loan you can receive if you promise to pay back 5 years of $12,000 payments

Required: Use the Excel NPV() function to calculate the maximum loan

Required: Use the Excel NPV() function to calculate the maximum loan you can receive if you promise to pay back 5 years of $12,000 payments at 5 percent interest. (Round your answer to 2 decimal places.) Maximum loan X This is a numeric cell, so please enter numbers only

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